Mon.Jan 09, 2023

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What Experts Are Saying About the 2023 Housing Market

Keeping Current Matters

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year.

Marketing 239
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Housing Market Tracker: A notable drop in inventory

Housing Wire

The housing market saw inventory fall 4% last week from the week before. That’s a big one-week change. Does that mean we are heading back to all-time lows in inventory again for 2023? Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer.

Marketing 541
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How luxury real estate is developing in the metaverse

Inman

The metaverse is quickly becoming a platform, or a collection of several platforms, where you can advertise, socialize, build, and explore. It’s no wonder we’ve started to imagine how to bring real estate to this realm.

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Daren Blomquist’s 2023 housing outlook

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Inman launches immersive new video platform, Inman Access, for real estate professionals

Inman

The game-changing new offering launches today with hundreds of hours of original video content as well as content from Inman's vast video library. Subscribers get it all — anytime, anywhere.

Brokerage 161
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Rocket Mortgage affiliate restructures marketing team, imposes layoffs 

Housing Wire

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . “After nearly 13 years with Rocket Mortgage, I was relieved of my duties on Friday as part of restructuring during these tough market conditions,” Tony Saia, former director of marketing channel strategy, wrote on social media on Monday morning.

Mortgages 475

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New and Notable Luxury Homes for Sale Over $10 Million | January 2023

Sotheby's International Real Estate

From a mountaintop home in Bachelor Gulch, Colorado, to an elegant apartment in Dubai, United Arab Emirates, these are this month’s four featured notable properties for sale over $10 million. Dubai, United Arab Emirates. Honey Deylami | LUXHABITAT Sotheby’s International Realty. The home is expertly designed and is positioned in one of the city’s most revered mixed-use developments with five-star hospitality, cutting-edge commercial, retail and leisure venues. and world-class ameniti

Sales 135
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Hate door-knocking? 4 alternatives for reaching new clients

Inman

As a real estate agent, your relationships are everything, so put them at the forefront. Put your best foot forward this year as you forge new connections and boost your business in the process. .

Agents 155
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Rents Have Finally Begun To Fall—So Where Are They Dropping the Most?

Realtor.com

Realtor.com / Getty Images The rental market appears to have hit an inflection point—and not a moment too soon for many Americans who have been squeezed tight by record-setting price increases over the past few years. Finally, the steady drumbeat of steep and often untenable increases in leases across the U.S. is slowing, and rents have even begun falling in many of the nation’s hottest real estate markets.

Investor 120
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Year of the off-market deal? DropOffer sees potential in 2023

Inman

Proptech DropOffer, a company that developed an app to help agents assist buyers in off-market transactions, predicts the number of selling alternatives on the market will result in an increase in non-MLS deals in 2023.

Marketing 148
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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5 Kitchen Design Rules You Should Break in 2023

Realtor.com

Getty Images It’s no secret that renovating a kitchen is one of the most expensive home improvement projects you can take on. The average homeowner spends about $26,000 on a kitchen remodel. So it only makes sense that folks investing that much cash are reluctant to go against a list of unspoken design rules for fear of messing with their home’s resale value and turning off future potential buyers.

Design 106
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EXp founder Glenn Sanford speaks out on ‘lull’ in agent count growth

Inman

EXp World Holdings founder Glenn Sanford said the tumultuous housing market was a factor in him stepping back into the role of CEO at eXp Realty, and the firm's sluggish agent count growth.

Agents 148
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#Airbnbust: Why It May Be Time to Rethink Short-Term Rentals

Bigger Pockets

It’s a story that’s echoed across social media platforms from rental property owners across the nation: Vacation rentals are no longer generating the steady revenue investors grew to expect during […].

Investor 111
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7 must-do tasks to prep your listing for the market  

Inman

Luxury marketing expert Laura Stace shares her best practices to get listings buyer-ready. These seven "must-do" tasks are her essentials to make sure every property is ready for a timely sale process.

Marketing 148
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Inventory Watch

BubbleInfo

There are only 88 pending listings today, which means we are unlikely to get up to 100 sales between La Jolla and Carlsbad this month. How radically different is that? Here’s how this month will compare to the previous Januarys of interest: NSDCC Detached-Home January Sales & Listings January Year Number of Sales Number of […].

Sales 105
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5 myths (you may believe) about affordable housing

Inman

Think you know the facts about affordable housing? Think again. Missy Yost debunks five common misconceptions around affordable housing and shares ideas to help you get involved in your local community.

Sales 147
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Residential Building Worker Wage Growth Slowed

Eye on Housing

Average hourly earnings for residential building workers* rose at a slower pace in November. After reaching the highest rate (8%) of 2021 in October, the pace of wage growth has retreated and remained below 4% for the past five consecutive months. The recent slowdown in wage growth will ease inflation pressures.

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Doorstead raises $21M Series B round, acquires Knox Financial

Inman

The Series B round, which brings Doorstead to $37 million in total funding since its 2019 seed round, includes investments from Avanta Ventures and MetaProp, according to an announcement.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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11 Prospecting Tips for Real Estate Agents

Broke Agent Media

BAM Key Details: . With 2023 here, BAM reviews 11 key prospecting tips for real estate agents. Each tip is proven effective by experienced and successful agents and team leaders. We are officially in the first quarter of 2023. This year brings another chance at a fresh start—as much for your real estate business as for any personal goals you have in mind. .

Agents 98
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Homebuyer sentiment ticks up again on signs of market top

Inman

More consumers are coming around to economists' views that home prices and mortgage rates probably peaked last year, according to a monthly survey by Fannie Mae.

Marketing 148
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New Conforming Loan Limits Make Over 2 Million Homes More Attainable

Broke Agent Media

BAM Key Details: . According to a new analysis by Zillow Home Loans, recent updates to conforming loan limits mean over 2 million U.S. homes no longer require a jumbo loan. . The Federal Housing Finance Agency (FHFA) increased conforming loan limits to $1,089,300 in some high-cost markets, making them more accessible to buyers. According to a new analysis by Zillow Home Loans , recent updates to conforming loan limits mean over two million U.S. homes no longer require a jumbo loan for financing.

Loans 98
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Shaquille O’Neal’s house in Orlando — with the Superman Bed

Fancy Pants Homes

NBA superstar Shaquille O’Neal is known to have long owned of the craziest celebrity homes of all time: a sprawling, 31,000-square-foot megamansion he picked up in 1993 when he was a rookie with the Orlando Magic. The mansion, which served as Shaq’s home for close to 30 years, is truly one of a kind. Not just because Mr. O’Neal has very particular tastes — which are nonetheless showcased throughout the property — but because the home was never a financial investment

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Get Ready to Sell a House With This Checklist

Maximum Exposure Real Estate

Preparing Your Home For Sale Checklist Do you need a checklist for getting your house ready to sell? Over the years, many clients have asked me what to do before selling their houses. Who wouldn’t want to be prepared for their home sale? Right? The hard work begins now that you have decided to sell […]. The post Get Ready to Sell a House With This Checklist appeared first on Maximum Real Estate Exposure.

Sales 98
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Introducing Two BAM Creators: Matt Lionetti and Dan Oneil

Broke Agent Media

It is an honor to announce my good friends Matt Lionetti and Dan Oneil as Exclusive BAM Creators ! We are beyond excited to make it official and can’t wait to see what these creative geniuses do next on the BAM platform. Before I get into what we have planned for the future, I want to tell the story of how we all got connected, started making content together, and eventually became close friends.

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Get ready for Gathering of Eagles 2023

Real Trends

Get ready for Gathering of Eagles 2023. It is a new year filled with new opportunities and that is why the theme of this year’s conference is ‘Forging Opportunities.’. You and your teams have worked tirelessly through 2022 and into the new year. Even in a down market, you are finding opportunities for success and development as a housing industry professional.

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What happens when it’s time to sell a smart home?

Inman

Smart home products are great, but how do you decide what stays and what goes when you're selling a home with these upgrades?

Design 113
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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First Brooklyn Smart Compost Bins Appear on Bed Stuy Streets

Brownstoner

On a walk down Patchen Avenue late last week, we noticed a welcome addition to some street corners: the city’s bright orange Smart Compost bins for composting. According to the map on the NYC Compost mobile app, Bed Stuy is the first Brooklyn neighborhood to get the public composting bins, which… Read More > The post First Brooklyn Smart Compost Bins Appear on Bed Stuy Streets appeared first on Brownstoner.

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Erin and Ben Napier of ‘Home Town’ Spot a Type of House That’s Really Bad To Buy

Realtor.com

HGTV On “ Home Town ,” Erin and Ben Napier help make houses feel like home—but they must also make sure a property is safe to live in. In the episode “A Solid Foundation,” the HGTV stars meet Chase and Corrinn , who have bought a 1929 property in Laurel, MS, for $250,000. They plan to renovate it for $70,000, but this budget won’t go far once Erin and Ben find rotted subflooring and unstable walls, which Ben says are “the kind of problems that eventually bring

Staging 95
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Mortgage Interest Rates Can Vary — Here’s When to Lock Yours In

Brownstoner

In this series of articles, mortgage pro Barry Koven, originating branch manager at CrossCountry Mortgage in Brooklyn, explains some basic facts about mortgages and demystifies the process of getting one. Here, he details how and why mortgage rates can vary, and when to lock one in. Mortgage interest rates can vary… Read More > The post Mortgage Interest Rates Can Vary — Here’s When to Lock Yours In appeared first on Brownstoner.

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How To Remove a Wall: Open Floor Plan, Here We Come!

Realtor.com

Tim McGuire/Getty Images With open floor plans all the rage these days, you may be thinking seriously of tearing down a wall or two in your home. So, how do you do it without destroying your place or, at the very least, creating on ungodly mess? How to remove a wall. For starters, removing a wall is not as simple as swinging a sledgehammer. You’ll want to make sure the wall you want to remove can be taken down without destroying something else in your home, especially the structure of the

As-is 93
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.